Fannie Mae-No Politics (FNMA)

[4Duxs]

There is a lot of press to the negative about shareholders. Ackman is one of the few shareholders that can garner press on his own. It's important that shareholder rights become an issue. The transition to less government risk is already happening with the GSE's. As that becomes recognized, shareholder rights, aka private company will be the next step forward. I think he is positioning our claim properly and at the right time. Remember, Berkowitz is working behind the scenes to craft the release formation of the company. It's all moving forward. Look back six months, you can see the progress in the press.